Timeline
MPCFEB 08, 2023

Rate Hike (+25 bps)

Sixth and final hike in cycle

NIFTY 50+0.97%vs T-60 baseline
USD / INR-0.12%vs T-60 baseline
INDIA VIX-7.71%vs T-60 baseline
10Y G-SEC+0.94%vs T-60 baseline
Cross-Asset Reaction Window
Surprise Analysis
Surprise DeviationHistorical volatility metric
-0.0σ

Actual Policyhike+25
ConsensusAdjust expected

Macroeconomic Assessment

Hawkish stance to anchor inflation expectations.

Cross-Asset Reaction Matrix
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY-+0.85%+0.85%+0.97%
USD / INRUSDINR--0.02%-0.02%-0.12%
India VIXVIX--3.75%-3.75%-7.71%
10Y G-SecGSEC-+0.33%+0.33%+0.94%